$3,478 Closing Credit*
$292,900
582 SqFt
2 Beds
•1 Full Bath
Jose Fente, Listing Office: Tropical Realty, Inc.
Is Flamingo / Lummus, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Flamingo / Lummus was a Seller's Market.
Key Takeaway
Flamingo / Lummus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flamingo / Lummus, FL
How much do homes in Flamingo / Lummus, FL cost?
Median Sold Price
$293,250
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,250(+1.1%)
Key Takeaway
Homes in Flamingo / Lummus have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Flamingo / Lummus was $293,250 in October 2024, up 1.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $275K | +1.9% |
| 2 Bedrooms | $412.5K | $427.5K | +3.6% |
| 3 Bedrooms | $827.5K | $775K | -6.3% |
| 4 Bedrooms | $1.5M | $1.6M | +8.3% |
| 5+ Bedrooms | $1.1M | $2.9M | +153.1% |
Summary: Flamingo / Lummus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 153.1%.
Median Sold Price Compared To Nearby Neighborhoods
| South Point | $1.0M | $1.3M | +31.5% |
| City Center | $515K | $549K | +6.6% |
| Flamingo / Lummus | $290K | $293.2K | +1.1% |
Housing Supply in Flamingo / Lummus, FL
How many homes are available in Flamingo / Lummus, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 249 | 293 | +17.7% |
Summary: The Flamingo / Lummus real estate market had 293 homes for sale in October 2024, a 17.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 181 | 204 | +12.7% |
| 2 Bedrooms | 55 | 71 | +29.1% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flamingo / Lummus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 29.1%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flamingo / Lummus, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Flamingo / Lummus in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Flamingo / Lummus, FL
How long does it take to sell a home in Flamingo / Lummus, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 70 Days | +13.9% |
Summary: Homes in Flamingo / Lummus had an average of 70 days on market in Oct 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flamingo / Lummus are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Flamingo / Lummus; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.